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Bajaj Allianz Extra Care - Top Up Health Insurance

Objective

This is a top-up health insurance policy where insurance company pays medical expenses in excess of a certain limit up to maximum sum insured. The limit is the deductible i.e. the amount which has to be borne by the policyholder or by his existing cover, before the insurance benefit actually kicks in. Deductible limit is applicable on each hospitalisation taken by insured person which means that deductible limit refreshes every time insured person is hospitalized as an inpatient within the policy term.

Our View

This policy is suitable only if the chances of contracting a major illness, which would otherwise dent your financial resources, in future are high. Though this policy is meant to increase the existing insurance cover, the catch here is that deductible applies to every single claim. It will not come in picture till single claim crosses the threshold limit.

Suited for

This policy is suitable for any person who believes that existing insurance cover is inadequate to cover the rising costs of medical treatments. A person who does not have any medical insurance policy may also take this policy. The initial expenses up to threshold limit in this case will have to be borne by the insured person.

What does it do?

This health insurance plan covers hospitalisation expenses if treatment is taken as an inpatient. It covers medical expenses, room rent, boarding, nursing care, surgeon, anesthetist and specialist fees up to the sum insured. This policy also provides for ambulance charges upto maximum of Rs 3,000 per hospitalisation for transporting insured person from residence or place of accident to hospital and from hospital to residence.

Pros

It covers relevant medical expenses from 60 days prior and 90 days post hospitalisation.

This policy can be purchased online.

Cons

The deductible limit applies each time hospitalisation services are accessed.

Eligibility

Entry Age (years)

Minimum
18; 3 Months for Children
Maximum
70; 25 for Children
Maximum Policy Renewal Age (years)
80
Coverage Type
Individual/ Family floater

Sum Insured (Rs)

Maximum
15 lakh
Minimum
10 lakh
Policy Term (years)
1
Tax Benefit
Premium paid is eligible for tax benefit under section 80D of the Income Tax Act
Pre Policy Medical Check Up
Not required below 55 years of age. 50% reimbursement of medical check up costs on acceptance of proposal in case where medical tests have been conducted.
Grace Period for Policy Renewal
15 days grace period is allowed to policyholder for payment of premium. If policyholder fails to make payment within the grace period, the applicable waiting period(s) shall start afresh
Policy Termination
Policyholder is allowed to terminate the policy at anytime by giving a 15 day written notice. In case no claim has been made under the policy, percentage of premium will be refunded

Customer Service

Address
Bajaj Allianz General Insurance Company Limited. GE Plaza, Airport Road, Yerawad, Pune - 411006
Mail to
[email protected]
Call to
1800 225858(BSNL/ MTNL); 1800 1025858 (Bharti users- mobile/ landline) or 020 30305858
SMS
Extra' to 56070

Additions to the Plan

Scope Of Cover
Cashless facilityAvailable at empanelled hospitals in India
Re-imbursementIn case policyholder opts for non empaneled hosiptal , expenses are re-imbursed withing 14 working days from date of submission of all records.
Pre-post hospitalisationRelevant medical expenses covered from 60 days prior and 90 days post hospitalisation
In-patient treatmentCovered
Emergency AmbulanceCovered; subject to maximum limit of Rs 3000
Exclusions and Waiting Period
Deductible per hospitalisation3 lakh for Sum insured 10 lakh4 lakh for Sum insured 12 lakh5 lakh for Sum insured 15 lakh
Pre-existing disease4 years waiting periods applicable for Pre-existing diseases
No claim periodAny disease contracted during the first 30 days of commencement of the policy
Waiting Period4 years waiting perod on enhanced Sum Insured in case of change in plan to a high cover.Certain diseases such as joint replacement surgery (unless necessitated due to accident )will have a waiting period of 4 years.
General ExclusionsNon allopathic treatment.AIDS and other related diseases.Cosmetic, beauty, weight reduction and other likely treatments.Use of alcohol or other addictive substances.War, participation in any criminal activity or any other related condition.Treatmenmt of any mental or related disease.

Cost Details

Annual Premium Option for 1 Member
Sum Insured (over and above the deductible; in Rs)10 lakh12 lakh15 lakh
Age (In years) / Deductibles3 lakh4 lakh5 lakh
upto 40250045004750
41-60375055005750
61-80590079008150
Indicative premiums; exclusive of service tax.
Annual Premium Option for 3 Members
Sum Insured (over and above the deductible; in Rs)10 lakh12 lakh15 lakh
Age (In years) / Deductibles3 lakh4 lakh5 lakh
upto 40402564356795
41-60603878658225
61-8092551112511485
Indicative premiums; exclusive of service tax.
Annual Premium Option for 4 Members
Sum Insured (over and above the deductible; in Rs)10 lakh12 lakh15 lakh
Age (In years) / Deductibles3 lakh4 lakh5 lakh
upto 40443070807475
41-60664586559045
61-80101451220012595
Indicative premiums; exclusive of service tax.
Annual Premium Option for 5 Members
Sum Insured (over and above the deductible; in Rs)10 lakh12 lakh15 lakh
Age (In years) / Deductibles3 lakh4 lakh5 lakh
upto 40487076458070
41-60730593459770
61-80111151314513570
Indicative premiums; exclusive of service tax.